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. they would cut medicare. they would cut $600 -- medicare meaning they would raise the age eligibility from 65 to 67. they would cut $600 billion in unspecified cuts. they'll cut spending. they don't tell us where. but it's not defense spending. those are social programs. they would cut another $800 billion or raise $800 billion in revenues they say by closing loopholes and getting rid of deductions. but again they don't tell where. what loopholes they would close. is it the mortgage interest deduction? we don't know. they do not specify. so again it is a lot -- it is filled with vague promises but here's the big difference. notice what is not included and what they say they will not do. they will not raise tax rates. they will not raise taxes on the top wealthiest 2% of americans. they say no way. no how will that be included. they're dead wrong. they're wasting time. when i saw that proposal yesterday, to coin a word, you know what my reaction was? i was flabbergasted! oh, my god. i was flabbergasted. >> thank you
that money from and when to do it. everything specific comes up out of medicare and social security eligible seniors. the white house takes that money from providers and there is a question of how quickly or what cases cuts trickle down to beneficiaries, but they clearly don't impact seniors as directly as what republicans want to do. the white house has been adamant about raising tax rates and republicans aren't there yet. and say they're just not going to get there. they're never going to be in a position where they will take a vote that will result in anybody's income rates going up. >> eliot: brian, the fundamental differences are the rates, and no rates and the republicans saying revenues without specifying, eventually they would have to. they're talking about the bucket approach, but eric, at the end of the day the differences here are sort of lost in the dust when they can all stand up and say we've raised revenue, which is a number that the president is happy with. we've cut medicare and medicaid spending but we'll do it in a way that keeps people whole. there is a road to compromise
bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. tell them it's like being nestled in an eight-way, adjustable, heated and ventilated seat surrounded by a 500-watt sound system while floating on a suspension made of billowy clouds. or you could just hand them your keys. ♪ ♪ ♪ ♪ [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. salads, sandwiches, and more. [♪ theme music ♪] >> anno
are talking about the bush tax cuts and medicare and medicaid and they're not thinking about corporate taxes. but there is so much that could go in this deal. corporate taxes could be part of it. you would see ceos on television getting involved in this kind of stuff if there wasn't something at stake for them when it came to paying taxes and their bottom line. >> eliot: and another indicator of how far apart the parties are when you hear the debt ceiling where last year things got really angry politically as well as in the private negotiation. you have john boehner saying you are going to have to pay me a price to raise the debt ceiling. as a matter of policy they're saying you pass the tax bill. will there be a long term agreement to the debt ceiling in this issue? >> i doubt it. i'm hearing three-month extension. six-month extension. the republicans have seized upon the debt ceiling as an issue as a piece of leverage. i don't think you would be seeing democrats talking about changes to medicaid or changes to medicare as part of any of these deals if republicans didn't have the debt ceilin
security and medicare self-funded programs, the democrats are the ones that are the protectors of that. republicans know the only way to get it modified or changed is to have a democratic president begin that process. any time they've ever started with any of their clowns, it has been a disasterrer. they have to start the process. number two is they whine and cry about the deficit. basic civics 101. the president spends no money. the congress approves everything. they're the ones that created it. >> bill: sure. they're the ones who brought us to the fiscal cliff as we were talking yesterday because their super committee failed to do its job and now we have the sequestration hanging over our heads. >> they constantly create a situation, try to blame obama. >> bill: kevin, do you think we dare say look, hold the line and if you don't raise rates on the top 2%, we're not going to make a deal? >> absolutely. hold the line. i'll gladly pay more taxes than to have some rich son of a bitch pay more. >> bill: you and m
Search Results 0 to 5 of about 6 (some duplicates have been removed)